The beauty of the free-market price system is that all prices are the result of voluntary exchange and, hence, reflect the personal preferences of all members of society.

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This is not the same thing as grasping the centrality of the price system to resource use in a free market economy.

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As smartphones come down in price and achieve greater penetration among the masses, Google says its free Android operating system will allow it to take advantage of the open Web to generate more advertising and search-related revenue.

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Going back to voucherized Medicare: The real problem is that you cannot implement a very free-market type reform such as vouchers into a system that is so wracked with perverse incentives, cartelized price schemes, and opaque layers upon layers of bureaucracy and expect anything but an unmitigated disaster and increased inequity.

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To get cost saving with greater choice and high quality care, Gingrich relies upon the market which puts the patient at the center of the system where choice can be made by knowing the actual price and quality like everywhere else in the free market.

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